The aggregate picture, that was quite dismal in the run up to the GST in the previous quarter, has got better. Our analysis of over 4200 companies showed tepid growth in topline, but surprisingly there was a marked improvement in margins. Finally, unlike in the previous quarter when profitability declined, there was some revival in the September quarter with the trend line flattening.

Asset quality was far better than its rivals Axis Bank and Yes Bank. The gross non-performing assets (NPA) as a percentage of gross advances came in at 7.87 percent for the quarter, lower compared with 7.99 percent in previous quarter.

Despite a 34 percent drop in net profit at Rs 2,058 crore from a year ago, the Mumbai-based bank saw its gross non-performing assets (NPAs) in the three month period July-September decreased even as it spiked from a year-ago period.

YES BANK - bad loans have surged as Q2 shows a significant divergence from the Reserve Bank of India’s (RBI) assessment to the tune of over Rs 6,300 crore. In an interview to CNBC-TV18, Siddharth Purohit of SMC Institutional Equities shared his views and outlook on the YES BANK’s Q2 numbers.

ICICI Bank is well capitalised and the strong franchise should be able to ramp up once the bad loan mess is behind it. We expect the bank to see a much better FY19, post a consolidation/resolution year of FY18. After adjusting for the bad assets and value of subsidiaries, the stock quotes at a reasonable valuation of 1.9x FY17 adjusted book.

In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Darpin Shah of HDFC Securities shared his reading and expectations for Q4 results of ICICI Bank. He expects slippages to be roughly around Rs 7,200 crore.

ecoding the numbers both Rajiv Mehta of IILF and Siddharth Purohit of Angel Broking were not shocked with the rise in gross non-performing loans but would look forward to management commentary on resolution of NPAs

Prakash Diwan of Altamount Capital Management says he is worried on two parameters â€“ One is there is yet no visibility of softening in the net non-performing assets (NPAs). Two, lack of credit growth is becoming a big concern.

Purohit says PNB Housing Finance's listing is decent and adds that the company has enough capital and scope to move to large-scale operations. But with respect to the company's lag structure, he says PNB HF lags behind.